TOKYO -- Japan's late March announcement that it aims to launch a program to make jets with radically reduced emissions in 2035 through international collaboration landed like a thud. Investors sold off aerospace-related stocks, with Mitsubishi Heavy Industries (MHI), the nation's top aerospace and defense contractor, falling more than 3% on the day.
Aerospace & Defense Industries
Eyes on Mitsubishi Heavy as Japan floats low-emission jet dream
But breaking into Boeing-Airbus duopoly requires more than technology, experts say
Mitsubishi Heavy Industries' shares are near an all-time high, but investors worry it may face pressure to join a government-proposed passenger jet development program, with all the complications that would entail. (Nikkei montage/Source photo by Kyodo)
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